Prof Malavika Nayar, who teaches a course on ‘Money & Banking’ in the College of Charleston (South Carolina), says that most students are sceptical of the Fed and the various quantitative easing programs.
“My job is to teach them that there are sophisticated economic arguments that support the role of the Fed during a downturn as well as present them with alternative ideas that they are not likely to find in the textbook. What is most important for them is to truly engage with the arguments on either side of the debate,” she says.
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